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During ministers’ council held on 27 February 2018, the government reasserted its intention to make tourism one of the drivers of the economy, thus making Togo a leading hub of this sector, in the region.
In this regard, two draft bills and three decrees were adopted during the council, among others. Also, the minister of industry and tourism, Ihou Attigbé spoke about a project concerning the...
By decree, Togo’s government just created the agency for the promotion and development of agropoles (APRODAT in French) during a council of ministers yesterday. This falls in line with the government’s objectives to boost agricultural sector by focusing on processing.
According to the statement by the ministers’ council, the new entity will improve private investments in agricultural...
The launching ceremony for the new commercial chamber solely dedicated to solving conflicts involving small receivables (ranging from zero to 1 million CFA) took place on Feb. 27, 2018. This chamber was established at the end of 2017 by order of the chairman of Lomé’s tribunal.
The goal of this chamber is to speed up processing of affairs related to small receivables. “We wish for these...
Next Friday, Togo will go to the WAEMU’s financial market seeking CFA20 billion. In this framework, the country plans to issue fungible treasury bonds with a nominal value of CFA10,000 and a rate of 6.25%. The bonds will mature on Jan. 25, 2021.
This is the fourth time this year that the State goes to this market. Indeed after the first issuance which recorded a moderate subscription, the...
Data from the Centre for Companies formalities (CFE) shows that more than 361 LLCs were created in the first two months of this year. This is against 296 in Jan-Feb 2017.
In details, 224 LLCs were created in January 2018, against 198 the same month the year before. As for February, 137 were created in the first weeks of the month (against 98 during the whole month of February in 2017).
This...
It will be easier now for Togolese people to get connected to the national power grid. Indeed, Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), has enabled payment in tranches (over six months) for connection fees while this amount was expected to be paid fully initially.
The move is part of a set of technical and commercial reforms engaged by CEET to improve populations’...
One of the missions assigned to the Higher Authority for Prevention and Fighting against Corruption and Related Offenses (HAPLUCIA) by the government is reinforcement of measures aiming to fight corruption and foster good governance.
In its framework, a meeting was held last Thursday at HAPLUCIA’s headquarters in Lomé. The meeting’s objective was to study the field in order to coordinate...
Opened in 2015 to boost cross-border trade, the external trade single desk is meeting expectations.
Indeed, the desk whose purpose was to simplify clearance processes, ease goods transportation, reduce related costs and delays and improve transparency in the sector, has helped Togo improve its logistics performances.
According to the World Bank’s 2016 index on logistic performance, Togo has...
According to Abby, Toyi, head of State domains and cadaster affairs (DADC), delays for complete transfer of land titles under Doing Business (283 days namely) is far from realities.
“I shout high my disapproval as the first person in charge”, the official said during a workshop on business climate at the administrative centre for economic and financial services.
“In 2016, we were at about...
Togo’s Threshold Programme could be approved in the weeks to come now that political dialogue has been initiated. This was told Nana Akufo-Addo by acting chief executive of the Millenium Challenge Corporation (MCC), Jonathan Nash, as the Ghanaian president was in US for a work visit. The Ghanaian leader, let it be noted, was recently in Togo to act as chief mediator to find a solution to the...
The training and information meeting between the Business Climate Cell (CCA) and media actors came to an end last Friday. It was themed “Business environment in Togo: Concepts, reforms and outlook”.
Talks at the meeting revolved around seven main topics namely transfer of ownership, business creation, access to power, access to loans, cross-border trade, construction permit and contracts...
Orange Africa, the telecom operator, has entered into an agreement with the French online course platform Openclassroom to provide 3-18 months courses on digital professions, French magazine Jeune Afrique reported.
In effect, Orange Africa will help provide its courses to public employment services, such as ANPE in Togo. Others countries involved in the program are Tunisia, Morocco and...
In Togo, as agriculture fares well, poultry is not left out it appears. Indeed, according to data released by Dr. Daniel Batawui, Head of Husbandry, poultry production recorded a major increase, from 8 million chickens, in 2011, to 25 million in 2017, thus tripling over the period.
The surge results from various efforts made in the sector, knowingly under the National Programme for Agricultural...
On Feb. 22, 2018, ECOWAS launched the first phase of its companies incubation programme by creating a first pilot centre in the framework of the agricultural entrepreneurship scheme, at Tenkodogo, Burkina Faso.
Developed by ECOWAS and NEPAD Spanish Fund for African Women Empowerment, the incubation programme aims to support women in rural areas, across West Africa.
It will, among others, help...
Togo will benefit from a $3 billion investment that Turkey will inject into the ECOWAS over the next five years. This was announced on the sidelines of the ECOWAS-Turkey economic forum taking place in Istanbul and ending today.
Turkey through its new commitment, according to website Horizon-news.net, wishes to create financial opportunities and foster technology transfer to boost...
Under reforms established by the government to improve business climate in the country, access to land-related information has been democratized for all.
The announcement came from top officials at the State Domains and Cadaster Office (DADC), on Feb. 21, 2018. This was on the first day of the training and exchange session between press actors and the Business Climate Cell.
The new...